Heat butter and oil in large skillet over medium-high heat. Season pork with salt and 1/8 teaspoon pepper. Add to skillet; cook 3 to 4 minutes per side or until internal temperature registers 160°F.
Remove pork to platter; keep warm. Add port to skillet; cook 1 minute, scraping up any browned bits from bottom. Add broth, ketchup, remaining pepper and thyme; cook 3 minutes, stirring occasionally.
Serve pork with instant Parmesan Potatoes (recipe below). Spoon sauce over pork and potatoes.
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